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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Hotels
37 1st St Ocean Isle Beach, NC 28469-7508
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1407517
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Total area
4,380 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
257DA036
UPID
US53-1407517
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$670k
Owner & transaction history
Sloane Realty Of Ocean Isle Beach I · 3 yrs held
Sloane Realty Of Ocean Isle Beach I
since 2023
2 recorded transactions
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$800,000
+101.7%
Commercial (general)
$705,000
+77.8%
Retail stores
$545,000
+37.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocean Isle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Isle Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$800,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,976,190
Assessed 2023
Previous assessed
$1,363,960
+44.9% YoY
Assessed land
$1,347,500
Assessed improvement
$628,690
Land market value
$1,347,500
Improvement market value
$628,690
Total market value
$1,976,190
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1991
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
4,380 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
257DA036
UPID
US53-1407517
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Zoning C2 · permitted uses
C2 · Ocean Isle Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Isle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$510,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sloane Realty Of Ocean Isle Beach I
Entity
Mailing address
16 CSWY DR, OCEAN ISLE BEACH, NC 28469-7504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
Sloane Realty Of Ocean Isle Beach I
—
Deed
related
$1,000,000 · United Bank
Dec 11, 2020
—
Sloane Realty Of Ocean Isle Beach I
—
Deed
related
$250,000 · United Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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